Newshttps://www.realestateview.com.au/blog
Australian Real Estate Market NewsMon, 19 Mar 2018 04:30:39 +0000en-UShourly1https://wordpress.org/?v=4.6.1Gentrification in Melbourne – suburbs set to transformhttps://www.realestateview.com.au/blog/2018/03/gentrification-in-melbourne/
Sun, 18 Mar 2018 20:00:16 +0000https://www.realestateview.com.au/blog/?p=5550Long-term Melbourne residents will recall the seismic shift that occurred in St Kilda in the 1990s, when the working class population was given the boot in favour of the up-and-coming hipster class. In the space of a few years, the beachside suburb south of the CBD was transformed from a sleazy hangout where many feared […]

]]>Long-term Melbourne residents will recall the seismic shift that occurred in St Kilda in the 1990s, when the working class population was given the boot in favour of the up-and-coming hipster class. In the space of a few years, the beachside suburb south of the CBD was transformed from a sleazy hangout where many feared to tread, into some of the hottest real estate in Melbourne. This phenomenon is gentrification – and it’s happening around Melbourne in spades.

Gentrification refers to a shift in the socioeconomic demographic of a suburb, which occurs when residents with more money start to move into the area. It tends to occur in inner-ring suburbs, close to transport links and city jobs, in areas which had traditionally been the stomping grounds of the working poor – think Carlton, Fitzroy and Richmond in the 80s and 90s.

The Virginia Penitentiary in Richmond, 1991, which is now the site of rolling green landscapes.

Along with gentrification comes property price growth, and in turn an exodus of lower-income residents who can no longer afford the rising rents the area commands. There’s also a noticeable shift from investor-owned rental properties to first homebuyers and families, as higher prices mean lower rental yields, making the area less desirable to landlords.

Gentrification in Melbourne – where will it hit next?

The inner western suburbs have been the centre of gentrification in Melbourne in recent years, with West Footscray, or WeFo, leading the charge. Urban renewal projects, such as the recent improvements made to Footscray train station, and a boom in the number of high-rise, high-density dwellings approved for construction have all combined to push dwelling values skyward and attract a new class of buyer to the area.

As the gentrification wave sweeps across the inner-west, and families are increasingly priced out of Footscray and Yarraville, Sunshine is the next obvious choice. This suburb has been a multicultural hub since the end of World War II, and since then has been the destination of choice for Maltese and Polish migrants and Vietnamese refugees coming to Melbourne. More recently, African and Burmese arrivals have made it their home.

For families who can’t afford Pascoe Vale or Maribyrnong, there’s Maidstone, set to shake off her bridesmaid suburb reputation in coming years. Just 8 kilometres from the CBD, this blue-collar area has been booming as derelict factories are demolished to make way for slick new townhouse developments. In Maidstone, values were up 16.9 per cent and 21.5 per cent for houses and units respectively to January 2018, according to CoreLogic, while in Sunshine a whopping 36.5 per cent jump in unit values saw the median leap from $380,500 to $519,500.

Journeying north of the once-impenetrable Bell Street hipster boundary, Preston and Reservoir have already begun to evolve from their humble beginnings as elderly European migrants make way for professionals and young families. Thomastown and Lalor are set to be the next big thing in the north, and thanks to the newly-improved South Morang rail line they feel closer to the city than ever before.

In Thomastown, unit prices increased by 19.8 per cent to $413,250 in the year to January, while house prices were up 28.3 per cent to $657,000 Lalor recorded similar growth, with units up 10.7 per cent to $410,000 and houses gaining 25.8 per cent to a median of $636,500.

As we ponder which Melbourne suburb will go from drab to fab next, we should also stop to ask, what is the price of gentrification in Melbourne?

Many demographers say that it’s the enemy of multiculturalism and diversity, paving the way for a homogenous middle-class population devoid of creativity. It can also be a form of socioeconomic cleansing, and as poorer families are forced to move further away from the city, their education and employment opportunities become more restricted, potentially stifling any hope of social mobility. Or, sitting on the other side of the fence, is gentrification really just the ultimate example of upcycling in a world where waste is prevalent?

]]>The best bargain homes on the market 16.03.18https://www.realestateview.com.au/blog/2018/03/best-bargain-homes-market/
Fri, 16 Mar 2018 02:00:47 +0000https://www.realestateview.com.au/blog/?p=5534Looking for growth in a property, or something that will get the most from your investment? Or perhaps you are a first home buyer on the hunt for the ultimate bargain home? Every week, we analyse new listings to discover the best bargain properties that are most likely to improve in value, would benefit from […]

Looking for growth in a property, or something that will get the most from your investment? Or perhaps you are a first home buyer on the hunt for the ultimate bargain home? Every week, we analyse new listings to discover the best bargain properties that are most likely to improve in value, would benefit from a renovation to create a profitable flip for investors, or would work as the perfect stepping stone into the market.

We do this by analysing the listing and comparing it with similar properties via our Property 360 Price Estimate tool. If the listing price is lower than the surrounding properties, it could mean the property has significant hidden gains and you can turn it into one of your hot properties! Check out the current listings below.

Please note, this report is a general guide only and should not be used in lieu of a professional.

]]>Prestige boutique townhouses – 28 Farmer Street, Richmondhttps://www.realestateview.com.au/blog/2018/03/prestige-townhouses-farmer-street-richmond/
Thu, 15 Mar 2018 03:23:48 +0000https://www.realestateview.com.au/blog/?p=5544Once the site of a tired Victorian cottage, 28 Farmer Street is now the location of a luxurious new multi-unit residential development. This exciting project, undertaken by local Richmond innovators Cadre Property Group, occupies a prime block on the corner of Farmer and Cutter Streets with additional access via the laneway at the rear. Upon […]

]]>Once the site of a tired Victorian cottage, 28 Farmer Street is now the location of a luxurious new multi-unit residential development. This exciting project, undertaken by local Richmond innovators Cadre Property Group, occupies a prime block on the corner of Farmer and Cutter Streets with additional access via the laneway at the rear.

Upon completion, the 330m2 site will house four premium terraces, each with its own street address and parking for one or two vehicles.

Construction has already commenced with TYCORP Constructions undertaking the build, with the dwellings due to be completed in around 12 months’ time. Each property will have a unique floorplan across three levels, with three bedrooms, two bathrooms and a powder room.

Agent Elliot Gill of Jellis Craig Richmond says interest in the project has been strong. “For the larger terraces, most of the buyers are downsizers, coming out of the Booroondara area,” he says, “while for the smaller ones, we’re mainly getting enquiries from Richmond locals.”

In the living areas, the soaring ceilings will reach heights in excess three metres, which Elliot says is extremely rare for Richmond townhouses. “There will be a lot of natural light, and the units will be great for entertaining – particularly the rooftop area on some of the units,” Elliot adds.

Fully featured – including a butler’s pantry

Every element of chic design has been incorporated into this boutique complex, ensuring that residents don’t miss out on any amenities.

The kitchens are set to feature stone benchtops, timber joinery and Miele appliances, as well as abundant integrated storage and every entertainer’s must-have: the butler’s pantry. The bathrooms will echo the same theme, combining minimalism and functionality with cutting-edge design.

“They’ll have the high-end finish buyers expect to see in these types of developments in Richmond, in a great little pocket just off Swan Street,” says Elliot.

He notes that a particularly unique feature of the design is the external timber, a burnt Japanese wood that will retain its natural, charred finish without the need for re-staining.

It’s a phenomenal location – the Swan Street tram makes getting into the city a breeze, and Burnley train station is just a short walk away. The restaurants and bars of Swan Street beckon, with young professionals sure to relish in the proximity to the thriving Richmond nightlife.

For families, nearby schools include Melbourne Girls College, Richmond Primary and Hawthorn West Primary. From the rooftop entertaining areas, residents will enjoy amazing views of the city and Richmond Hill, perfect for a relaxing drink with friends.

With a price guide of $1.615 million, these unique properties are bound to capture the attention of eagle-eyed locals and investors. So, interested parties are advised to contact Elliot Gill on 0411 863 603, or Luke Schickerling on 0414 095 248, without delay – as 28 Farmer Street is not expected to stay on the market for long!

]]>Good news for those seeking financial advicehttps://www.realestateview.com.au/blog/2018/03/good-news-seeking-financial-advice/
Wed, 14 Mar 2018 06:02:45 +0000https://www.realestateview.com.au/blog/?p=5542 The first day of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has begun to reveal the extent to which unhealthy lending practices have affected everyday Australians entering new mortgages. But the news is overall good for those seeking financial advice, as more stringent measures are taken to regulate […]

The first day of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has begun to reveal the extent to which unhealthy lending practices have affected everyday Australians entering new mortgages. But the news is overall good for those seeking financial advice, as more stringent measures are taken to regulate the financial advisory industry.

It has been revealed that the efforts of the Australian Prudential Regulation Authority (APRA) in 2017 to curb the high percentage of new interest-only loans has been a marked success, more so than was expected by commentators or APRA itself.

In March 2017 APRA made efforts to curb unhealthy lending habits by requiring that interest-only lending had to be reduced to under 30 per cent of new loans. The major Australian lenders have met this requirement and gone further, with new interest-only loans now at 15.22 per cent, according to APRA’s December Quarterly ADI Property Exposure report.

Because of this, the major banks are expected to lower interest rates on investor lending as well as fixed rate interest-only lending, to help balance the books.

This is great news for first home buyers, but not so much for investors or speculators. Furthermore, a recent report by the Grattan Institute has called for a number of measures to help protect the economy from unavoidable fluctuations in the real estate market, especially as it relates to interest rates.

“The Commonwealth government can improve housing affordability somewhat – and immediately – by reducing demand. It should reduce the capital gains tax discount to 25 per cent; abolish negative gearing; and include owner-occupied housing in the Age Pension assets test,” the report argued, continuing with a call to reduce Australia’s immigration levels.

“Unless the states are prepared to reform their planning systems, the Commonwealth should consider tapping the brakes on Australia’s migrant intake.”

For those first home buyers seeking financial advice, regulations are increasing within the industry, with anyone providing financial advice by January 2024 required to have studied a relevant degree and undertake a professional year and pass an associated exam.

This means that potential home owners will have easier access to financial advice that is intended to benefit their financial position, and not to simply sell them loans that they cannot repay.

It is yet to be seen whether similar measures will be taken on the mortgage brokerage industry as a result of the Royal Commission, with the Australian Securities and Investment Commission (ASIC) reporting last year that those borrowers who used mortgage brokers were “more likely to obtain an interest-only loan compared to those who went directly to a lender.”

]]>What to look for in your next agenthttps://www.realestateview.com.au/blog/2018/03/look-next-agent/
Fri, 09 Mar 2018 00:43:35 +0000https://www.realestateview.com.au/blog/?p=5522Time to sell? Now is a great time to sell as markets come out of the quieter summer months and start ramping up during Autumn before the cold weather sets in. Clearance rates continue to stay strong, while prices haven’t softened as much as was expected in the major markets, making this the perfect time […]

]]>Time to sell? Now is a great time to sell as markets come out of the quieter summer months and start ramping up during Autumn before the cold weather sets in. Clearance rates continue to stay strong, while prices haven’t softened as much as was expected in the major markets, making this the perfect time to list your property.

But with competition for your business as fierce as it is, who do you choose to represent your home on the market? Here are four thingsto look out for when choosing your real estate agent.

1. Communications skills

There is no clear definition of what ‘communication skills’ really means. The go-to connotation with the phrase is that of an extroverted professional with killer eye contact, but peoples’ personalities slide on that scale from introvert to extrovert, and those that may be considered an introvert may still have impeccable communication skills.

Having good communications skills is based on being able to develop trust with those you talk with. A louder personality may struggle to develop this trust for one simple reason: they like to talk.

A great agent will ask you plenty of questions, while answering your own without dominating the conversation. If they spend an hour talking about themselves and you get the feeling they haven’t said anything of much substance during that time, run for the hills.

Note: this communication should continue throughout your experience with your agent. For instance, you should not have to contact them, but be regularly updated on potential leads, performance of your listing and possible amendments to your marketing plan.

2. Talking about your marketing plan…

While this may not be applicable for your first interview of an agent, at some early stage (before you have signed any contracts), your potential agent should be able to provide you with a comprehensive marketing plan that is tailored to your property. Within this plan should be related statistics for both your local as well as your city’s market, which will help you decide whether it is the best time to sell, as well as specific strategies for your property type (i.e. who your audience is and how they will be marketed to), and how your marketing plan makes the most out of your budget.

For instance, if you are selling a 2-bedroom home within the inner-middle ring of a city, your target audience will likely be young professionals looking to buy their first home. If this is the case, be cautious of spending money on print advertising, for an audience type that is unlikely to use that medium to source properties.

3. A great resumé

Firstly, what recent properties in your local area has the agent successfully sold? What proportion of them were sold prior to auction? This will point to the potential style your agent may have for achieving sales. Ask how long these individual properties were on the market and what different marketing strategies did the agent use for each property.

This can be an effective line of questioning to weed out those agents who up to that point had only been giving you template responses. They should be able to provide you with clearly different marketing approaches to different property types, and explain why. A great agent expects to be asked these questions, it is their job, so don’t be afraid to dig deep. Remember that this person is working on probably the largest type of financial transaction you have in your life. There is no time for someone who doesn’t live and breathe the industry and so confidently point to their success.

4. Malleable marketing

A good agent will show how their marketing plan for your property makes the most of your budget and that their fees are negotiable, because they are. An agent should understand that the property ladder is not called a property ladder for no reason, and that if you are a small-scale client in terms of returns at this stage, this doesn’t mean that in 10 or even 20 years’ time you won’t be looking for an agent to sell your much larger home.

5. Real-time performance

Before you start exploring your options for an agent, and at least a month before you are ready to do this, highlight a number of agents you may want to work with and see how they perform on the job. Attend their auctions to see how they interact with potential buyers, including yourself, as well as how they handle themselves during an auction. This is especially helpful if the property is similar to yours.

]]>What $1 million can get you around Australiahttps://www.realestateview.com.au/blog/2018/03/1-million-can-get-around-australia/
Tue, 06 Mar 2018 04:22:31 +0000https://www.realestateview.com.au/blog/?p=5483While some may say you can’t get a great property for $1 million today, we’d like to prove them wrong, and its easy! For $1 million today you can gain access to some of the best views our capital cities have to offer, as well as spacious family homes, incredible gardens and even indoor pools. […]

]]>While some may say you can’t get a great property for $1 million today, we’d like to prove them wrong, and its easy! For $1 million today you can gain access to some of the best views our capital cities have to offer, as well as spacious family homes, incredible gardens and even indoor pools. Check out just some of view.com.au’s best listings that a cool $1 million can get you below.

This 3-bedroom, 2-bathroom home in the northern Melbourne suburb of Thornbury is competitively priced for what you get. This sort of find is becoming increasingly rare as demand continues for properties in the Batman electorate.

Heathmont is a rising star in the eastern suburbs of Melbourne, benefiting from great local schools, large blocks and spacious homes. This 4-bedroom home is a stunning long-term investment opportunity.

Travancore is a not-so-hidden secret in Melbourne, perfectly situated near Parkville and only 15 minutes’ drive from the CBD. This 2-bedroom home boasts incredible natural light and a spacious garden waiting for someone with a green thumb.

Properties in Newport don’t stay on the market for long, and this one is certainly no exception. A beautiful apartment with copious natural light and some of the most impressive ocean views Australia has to offer.

Fantastic beach access is just a hint of what this property offers. Four large bedrooms and two bathrooms provide plenty of space, while a stunning alfresco deck allows you to sit and watch the world go by.

Another beautiful, traditional and renovated Queenslander in Norman Park, this 5-bedroom home is a rare find for its price, not just for its space, garden and condition, but also for its location so close to Brisbane CBD.

This is a comfy 4-bedroom family home in the northern suburb of New Town. In other cities you have to sacrifice on location for space, but for this property you are only a 10-minute drive from Hobart’s CBD.

Besides being situated in the best-named suburb in Australia, this is a quintessential NT home, a short drive from Darwin’s centre, and with 4 beds and plenty of outdoor entertaining areas it is a perfect home in which to invest.

]]>RBA Interest Rate Announcement – March 2018https://www.realestateview.com.au/blog/2018/03/rba-update-march-2018/
Tue, 06 Mar 2018 03:02:11 +0000https://www.realestateview.com.au/blog/?p=5494The RBA board have today decided to keep cash rates unchanged at 1.50%. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth picked up in the Asian economies in 2017, partly supported by increased international trade. The […]

The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth picked up in the Asian economies in 2017, partly supported by increased international trade. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth.

The pick-up in the global economy has contributed to a rise in oil and other commodity prices over the past year. Even so, Australia’s terms of trade are expected to decline over the next few years, but remain at a relatively high level.

Globally, inflation remains low, although higher commodity prices and tight labour markets are likely to see inflation increase over the next couple of years. Long-term bond yields have risen but are still low. Market volatility has increased from the very low levels of last year. As conditions have improved in the global economy, a number of central banks have withdrawn some monetary stimulus. Financial conditions remain expansionary, with credit spreads narrow.

The Bank’s central forecast is for the Australian economy to grow faster in 2018 than it did in 2017. Business conditions are positive and non-mining business investment is increasing. Higher levels of public infrastructure investment are also supporting the economy. Further growth in exports is expected after temporary weakness at the end of 2017. One continuing source of uncertainty is the outlook for household consumption. Household incomes are growing slowly and debt levels are high.

Employment grew strongly over the past year and the unemployment rate declined. Employment has been rising in all states and has been accompanied by a significant rise in labour force participation. The various forward-looking indicators continue to point to solid growth in employment over the period ahead, with a further gradual reduction in the unemployment rate expected. Notwithstanding the improving labour market, wage growth remains low. This is likely to continue for a while yet, although the stronger economy should see some lift in wage growth over time. Consistent with this, the rate of wage growth appears to have troughed and there are reports that some employers are finding it more difficult to hire workers with the necessary skills.

Inflation remains low, with both CPI and underlying inflation running a little below 2 per cent. Inflation is likely to remain low for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens. The central forecast is for CPI inflation to be a bit above 2 per cent in 2018.

On a trade-weighted basis, the Australian dollar remains within the range that it has been in over the past two years. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.

The housing markets in Sydney and Melbourne have slowed. Nationwide measures of housing prices are little changed over the past six months, with prices having recorded falls in some areas. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. APRA’s supervisory measures and tighter credit standards have been helpful in containing the build-up of risk in household balance sheets, although the level of household debt remains high.

The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

]]>What will 600k get you across Australia?https://www.realestateview.com.au/blog/2018/03/will-600k-get-across-australia/
Fri, 02 Mar 2018 03:31:40 +0000https://www.realestateview.com.au/blog/?p=5477Thanks to the booming market conditions of the past few years, buying a home in an Australian capital city for under half a million dollars has become almost impossible. However, with a slightly more realistic budget of $600,000, you can get your foot onto the first rung of the property ladder within the major metro […]

]]>Thanks to the booming market conditions of the past few years, buying a home in an Australian capital city for under half a million dollars has become almost impossible.

However, with a slightly more realistic budget of $600,000, you can get your foot onto the first rung of the property ladder within the major metro city limits. Here’s a look at what $600,000 will buy you across the country (try not to cry Melbournians and Sydney-Siders) …

Melbourne

With a budget of $600k, the average home in Melbourne’s inner city is out of reach. More practical are the outer suburbs including Mernda, Hoppers Crossing and Sunbury, where affordable family homes are abound.

To the south in Frankston this family home could be yours with change to spare from $600k. It has four bedrooms and two bathrooms, and while the décor could do with a facelift, the quiet court location and spacious alfresco area make it a winner.

And while $600,000 won’t get you big square footage in the inner east, you could buy a smaller dwelling, such as this two-bedroom apartment in Prahran. With 90m2 of internal space it’s probably not large enough for a family, but would suit a professional couple who love to shop and dine on nearby Chapel Street.

Sydney

Sydney is notoriously expensive, so you won’t find much within 15km of the city. Spread your search a little further, however, and options begin opening up. Western Sydney still offers plenty of potential – and while your commute may be a bit of a trek from this three-bedroom property in Leumeah, you won’t have to suffer the mortgage stress of your inner-city counterparts! Listed with a price guide of $595,000 to $650,000, this home has a fantastic outdoor space and would be perfect for a young family.

Hoping for something a little closer to the beach? This one-bedroom apartment in Cronulla could be yours for $550,000 to $575,000. It’s modern and bright, but you won’t have room to store too many surfboards in this petite ground floor pad.

Brisbane

Unlike its counterparts to the south, this capital city remains quite affordable in certain pockets. Good quality homes with renovation potential are up for grabs in central suburbs like Ashgrove and Enogerra, whilst moving a little further of the CBD will stretch your budget further.

This spacious Queenslander in Boondall is up for grabs, listed at offers over $559,000. With four bedrooms, two bathrooms and room for four cars, it’s the ideal family home. It even has a fireplace – on the off chance it ever gets cold enough for you to need one!

Don’t need all that space, and would prefer to be a stone’s throw from the water? Perhaps this Woody Point cottage, bursting with charm and sitting on a prime waterfront block, is more your style. You could renovate or build your dream home in this idyllic spot for $595,000.

Adelaide

This city hasn’t experienced booming market conditions for a number of years, making Adelaide a bountiful smorgasboard of opportunities when it comes to house hunting!

Southern suburbs such as Clapham, Melrose Park and St Marys offer loads of potential. This gorgeous character bungalow in Clapham is due to go under the hammer, and should fetch around $600,000. Brimming with stunning original features, such as a leadlight front door and decorative dome ceiling, and on a large block, this delightful cottage should have no trouble finding new owners.

Meanwhile in the north, look no further than this Athelstone property: it is so massive that even the bathrooms are huge, and with five bedrooms, a flexible layout, and recently updated kitchen, you’ll feel at home in no time. The price guide is just $560,000 to $580,000 – what a bargain!

Perth

With a market that is still in the doldrums, you don’t have to search for long to spot good value in Perth. The inner city pockets of Victoria Park and Inglewood offer units from under half a million dollars. For those who need a home for a growing family, this Secret Harbour home (situated between Perth and Mandurah) has oodles of space and is just a short walk from the beach. The master suite downstairs is as real parent’s retreat where you can relax and escape the kiddies – it even has a projector and its own balcony!

Darwin

Four bedrooms, a pool, within 25km of the city – for under $600,000? It’s something Sydney and Melbourne residents can only dream of! Yet in the Top End, it’s easier to find, such as in this Durack property. Listed at $577,000, you’ll be blown away by the lagoon-like pool area, complete with water feature. It’s also close to schools and amenities, so it’s ideal for a busy family.

Canberra

The market may be taking off in our political capital, but there’s still plenty of value to be found. If you’d love to own a brand new apartment in Canberra, look no further than this boutique apartment block in inner-city Braddon. The list of inclusions is endless – stone benchtops, double glazing, Smeg appliances, secure lift access and more. Close to the Australian National University, this could be an excellent investment opportunity for those looking to become landlords.

Hobart

As one of the most affordable cities in the country, there are plenty of suburbs throughout Hobart where a budget of $600k buys a happy home, including West Moonah and leafy Lenah Valley. This spacious home is listed for $575,000 to $595,000, despite offering breathtaking million-dollar views. There are three bedrooms and two bathrooms, and the living areas are cleverly zoned so everyone in the family will have a space of their own.

]]>Best investment homes on the market 2.03.18https://www.realestateview.com.au/blog/2018/03/best-investment-homes-market-2-03-18/
Fri, 02 Mar 2018 02:59:19 +0000https://www.realestateview.com.au/blog/?p=5467Looking for growth in a property? Looking to get the most from your investments? Every week, we analyse new listings to discover the best properties that are most likely to improve in value, or would benefit from a renovation to create a profitable flip for investors. We do this by analyzing the listing and comparing […]

Looking for growth in a property? Looking to get the most from your investments? Every week, we analyse new listings to discover the best properties that are most likely to improve in value, or would benefit from a renovation to create a profitable flip for investors.

We do this by analyzing the listing and comparing it with similar properties via our Property 360 Price Estimate tool. If the listing price is lower than the surrounding properties, it could mean the property has significant hidden gains and you can turn it into one of your hot properties! Check out the current listings below.

Please note, our hot properties report is a general guide only and should not be used in lieu of a professional.

]]>Where are the cheapest Sunshine Coast homes?https://www.realestateview.com.au/blog/2018/03/cheapest-sunshine-coast-homes/
Fri, 02 Mar 2018 00:19:30 +0000https://www.realestateview.com.au/blog/?p=5468Searching for your own little slice of paradise up north? We’ve compiled a list of the towns where you can find the cheapest Sunshine Coast homes in the booming market to suit all stages of life and family sizes. Check out the affordable options in these lovely little towns – now may be the time […]

]]>Searching for your own little slice of paradise up north? We’ve compiled a list of the towns where you can find the cheapest Sunshine Coast homes in the booming market to suit all stages of life and family sizes. Check out the affordable options in these lovely little towns – now may be the time to make that longed-for seachange!

Sunshine Coast Units

Diddillibah

Located 100 kilometres from Brisbane, Diddillibah is a peaceful, picturesque town. While houses here can be pricey, the median unit price is just $125,000 and there’s a strong rental market, so investors can look forward to good returns.

Yandina

Yandina is the home of Buderim Ginger, and the factory is now a local tourist attraction. With a median unit price of $212,000, it’s an affordable Sunshine Coast locale, around 26 kilometres from Maroochydore.

Battery Hill

Just north of Caloundra, Battery Hill is named after an old gun battery which was once located in the area. Minutes from the coastline and Dicky Beach, the median unit price is affordable at $245,000.

Nambour

At the foot of the Blackall Ranges, Nambour is a larger town that was once home to the Moreton Central Sugar Mill. Units are priced at a median of $282,500 here, and The Big Pineapple is just down the road! This two-bedroom property is a steal at just $190,000.

Woombye

Woombye, situated 16 kilometres from Maroochydore, was once surrounded by pineapple farms, but these have now been developed into modern gated communities. With a median unit price of $315,000, it’s a little more expensive than other Sunshine Coast towns, but the mountain views and quaint old shops are definitely worth it.

Sunshine Coast Homes

Nambour

Yes, Nambour appears again in this list – it’s an affordable option for both houses and units! The median house price is currently $374,100, and this Blaxland Road property will even see you walk away with a little change in your pocket.

Cambroon

The tiny town of Cambroon had a population of just 373 people in 2011, according to the Census. Located on the Mary River, just under 100 kilometres from Brisbane, you can enjoy an idyllic rural lifestyle here for a median price of just $385,000.

Conondale

In the gorgeous Queensland hinterland, Conondale is 54 kilometres west of Caloundra, and is home to the Crystal Waters ecovillage. The median house price is $393,000 and amenities include a general store, school and mobile library. This Pinto Drive property has four bedrooms and loads of room for a busy family.

Highworth

Another small town, home to just 307 residents in 2011, Highworth is a few minutes’ drive from the amenities at Nambour. The median house price is just $399,000, making it an affordable choice for Queenslanders on a budget. This beautifully presented three bedroom property has a spacious garden, and the kids will love the cubby!

Burnside

Burnside is a great spot for families, with public, Catholic and special schools, as well as the Sunshine Coast Institute of TAFE nearby. It’s a quiet, friendly area, just a short drive from the beach, and you can snap up a home for around $400-450,000 (the median is $424,000). You’ll fall in love with the stunning tropical deck at this Perwillowen Road three-bedder.